Quantela will provide outdoor advertising company Liquid Outdoor with programme management and data and analytics to build a scalable, end-to-end solution across its network.
Digital infrastructure specialist Quantela is partnering with boutique outdoor advertising company Liquid Outdoor to create a complete digital signage solution.
As part of the deal, Liquid will become one of Quantela’s preferred digital advertising partners for future US smart city-based projects.
Liquid has a suite of digital billboards, place-based media, street furniture and digital interactive smart kiosks that enable public and private spaces to generate ancillary income. Quantela will supply full programme management and the technology platform to manage and monitor data captured across Liquid’s digital US lifestyle portfolio.
Quantela offers an outcomes-based business model (sometimes called outcomes-as-a-service – OaaS) through the digitisation of urban infrastructure and technologies such as digital advertising, smart lighting, smart traffic, and digital citizen services.
“In this case, our platform adds value for the commercial developers, the advertisers and the citizens and visitors engaging with the digital kiosks”
With support from key investor Digital Alpha, Quantela will additionally provide the initial $15m capital required for the project – and further expansion opportunities – which will be returned through shared advertising revenue over the term of the deal.
The data and analytics generated by the Quantela platform will help to drive environmental efficiencies, reduce operational costs, and unlock new revenue opportunities along the lifestyle network.
“At Quantela, our data-driven solutions are focused on driving greater economic, social and environmental benefit for all. In this case, our platform adds value for the commercial developers, the advertisers and the citizens and visitors engaging with the digital kiosks,” said Amr Salem, chief executive officer, Quantela.
Rick Shrotri, managing partner, Digital Alpha, added: “The partnership of Quantela, Digital Alpha, and Liquid Outdoor Media offers a truly unique combination of technology, financing, and advertising capability to the market, to deliver new solutions at a scale and pace that would otherwise not be possible.
“In addition, the solution also helps drive positive environmental and social benefits, that are important factors to track in any investment.”
The OaaS model has been implemented in the US city of Erie in Pennsylvania, where city leaders leveraged an initial investment from Quantela’s investment partner Digital Alpha to secure a matching grant that doubled the budget for the project to set up free public wifi across eight Federal Opportunity Zones.
It enables Erie to provide free public wifi to its citizens while implementing enhanced law enforcement surveillance, smart traffic control, smart parking, and energy-efficient street lighting. Quantela’s latest OaaS deployment is in the Indian state of Kerala.
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